xmr breakout was denied tonight but can still happen :-) long in this case
Trade active
⋅
Comment
⋅
xmr gui released!
Comment
⋅
it's tricky with btc rising fast but xmr is doing ok against usd
Comment
⋅
not sure if its short positions or profit taking at this resistance, really wonder how long they can hold it down, expect a big bounce on break out 0.011, bulls should have control over the chart then
Comment
⋅
starts to look very nice on daily and 3 day chart, expect green 3day candle after centerline bb bounce which will lead to a bullish weekly hammer. break out up should happen within next 24 hours.
Hopefully now Bitcoin moves up we can see it climb ~ thanks for link to video makes it more reason to buy short term anyway!
JackieHuynh
⋅
you think XMR is going to retrace now ? which price will be the support ? thanks
koryu
⋅
@SamHuynh, its a bullish breakout, so i remain bullish, i am looking at fib retracement levels near 0.0137, 0.0161, 0.0185.
gonna post update as soon as we got some more price action and information
TahirKhan2a
⋅
XMR will go hard when it breaks 0.011 for sure. Regarding the resistance at that level, shorters are confident because whenever it tries to break that area, it fails so people are confident at that spot, also the whales have a big order at 0.011 because he maybe wants cheap xmr or maybe he knows it is time for btc to run and he wants to short there..
bhsl
⋅
Thanks for sharing. What are your targets if breakout happens? And also what is your long term opinion on XMR ? Previous huge uptrend seems so unnatural to me, so I'm really not sure if it was a blatant PnD or just market suddenly realized Monero's fundamental benefits.
koryu
⋅
@bhsl, i look for 0.0137 / 0.0145 / 0.0156 as targets. As maximum I see up to 0.04 possible in longer term but that would need another bullrun. I see xmr as the most advanced annon coin.
The huge uptrend was caused by DNM adoption and also with ZEC in the media there is more awareness for private transactions and fungability.